SpeedFlow provide no information on their website about who owns or runs the business.

The SpeedFlow website domain (“speedflow.org”) was privately registered on March 16th, 2018.

At the time of publication Alexa estimate Brazil (24%) and Russia (17%) are the two largest sources of traffic to the SpeedFlow website.

A corporate address in Gibraltar is provided on the SpeedFlow website, however further research reveals it to be virtual in nature.

Marketing copy on the SpeedFlow website and in the compensation plan suggest that whoever is running the company is not a native English speaker.

Due to a generous reward, even a lazy person will earn money here. Here will happen powerful spillover.

One possibility is Italy, with the URL slug “supporti” used for SpeedFlow’s website contact page.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

At the heart of the Jeunesse RICO pyramid lawsuit is the allegation that plaintiffs James Aboltin and Pamela Knight were

deceived by Jeunesse’s misleading business opportunity, falsely believing that it was a legitimate way to earn money.

Currently a proposed class-action, on June 29th Aboltin and Knight requested a stay on the case pending settlement. [Continue reading…]

JRJR33, owner of Agel and a slew of other MLM companies, filed for Chapter 11 bankruptcy on June 29th, 2018.

At the time of its bankruptcy filing, JRJR33’s mot prominent MLM company still standing was Agel.

Although to what extent Agel has remained viable over the past twelve months is questionable. [Continue reading…]

There’s been a recent spate of incidents where white people call the cops on black people not breaking the law in the US.

Due to the technological age we live in, the altercations, seemingly sparked by race, have been caught on camera.

Last Sunday Stephanie Sebby-Strempel, since dubbed “Pool Patrol Paula”, took it upon herself to confront and assault a black teen at a South Carolina community pool.

It didn’t take long for the internet to realize Sebby-Strempel was a Rodan + Fields distributor. [Continue reading…]

In an Form 10-K annual report published a few hours ago, Investview has revealed a $150,000 fine by the CFTC. [Continue reading…]

In a textbook example of how to completely screw up communication with your affiliates, Jamberry Nails has finally broken its silence.

Without so much as an explanation to affiliates, Jamberry Nails ceased paying affiliates and shipping products.

Jamberry executives even stopped showing up to work and other than rumors of a proposed merger with M.Network, nobody outside of corporate seemed to know what was going on.

Now in an email sent out to Jamberry Nails affiliates, apparently the proposed merger has fallen through. Well, sort of. [Continue reading…]

On June 4th WorldVentures filed a lawsuit against rival MLM companies Ariix and MaVie.

In their lawsuit, WorldVentures accused Ariix and MaVie of unfair competition. Based on evidence submitted at the time, WorldVentures’ secured an ex-parte Temporary Restraining Order against both companies.

On June 26th a hearing was held, to determine whether or not WorldVentures’ granted TRO should be converted into a preliminary injunction.

The hearing spanned June 26th and 27th, with an order published a few hours ago. [Continue reading…]

The second individual subject to clawback litigation in the USFIA case, is Steve Chen’s wife, Li Zhao (aka Jennifer Zhao).

Through a number of shell companies, Zhao received and/or benefited from millions of dollars in stolen investor funds.

The primary company used to launder investor funds for the benefit of Zhao was Ally Investors LLC.

Despite opposition from Zhao, the Receiver has so far managed to recover over $3 million from a frozen Ally account in 2015.

In late 2017 Zhao was also stripped of a $2.3 million dollar San Marino, California mansion, paid for entirely with USFIA investor funds.

Now the Receiver is pursuing additional clawback litigation against Zhao which, if successful, will recover a further $370,000 or so. [Continue reading…]

On March 1st, 2018, parent company Investview announced Wealth Generators was changing its name to Kuvera.

Wealth Generators began as a stock investment advice opportunity. In late 2017 the company began offering cryptocurrency mining contracts.

Wealth Generators affiliates invested up to $4999 in individual mining contracts, on the promise of an advertised 1200 day ROI.

Investview and Wealth Generators differed from your usual MLM unregistered securities offering, in that Investview is actually registered with the SEC.

Analysis of the company’s required regulatory filings as of December 2017 however, revealed no mention of Wealth Generators’ passive ROI crypto mining offering.

This lead me to conclude that, despite Investview being registered with the SEC, Wealth Generator’s “Crypto” cloud mining product was still an unregistered security.

Whether this had anything to do with Investview renaming Wealth Generators to Kuvera is unclear.

The Kuvera MLM opportunity has since been branded Kuvera Global. The service side of Kuvera operates as Kuvera Wealth.

Kuvera Global cite Ryan Smith as Founder and CEO of the company.

Ryan has over 20 years of experience in business management and in the financial markets.

Prior to founding Kuvera, Ryan co-founded a brokerage firm and eventually focused of teaching others how to trade in the markets successfully – literally bringing “Wall Street to Main Street.”

With roughly six months having passed since we examined the Wealth Generators securities question, today we take a look at where Kuvera Global is at. [Continue reading…]

Whenever we see a major regulatory bust, there’s always at least one individual or entity that believes the rules don’t apply to them.

For whatever reason, the concept of “funds obtained through illegitimate business activities don’t belong to you” doesn’t ring home.

Following the recent FTC shutdown of MOBE, Qualpay have stepped up and demanded an exemption from the TRO currently in place. [Continue reading…]